package. trump is about deregulation and tax cuts. the entire thing together means an engine for economic growth. maria: i agree with that. your thoughts, congressman. >> i hope bret baier asks kamala harris about the incident where they falsely accused the border patrol agents of whipping migrants three years ago. he should have an answer, an apology to these agents. maria: you're right. that's a great point. adam. >> good one. earnings look very strong, in the transportation sector we have j.b. hundred, united airlines, on wall street, black zone and goldman. maria: thank you so much. great panel, great show. have a great day, see you again tomorrow. stu, take it away. stuart: good morning, everyone. for those of us who love politics and money, this is prime time. trump does a contentious interview with a guy with a british accent. on tariffs, trump patiently

explains why bloomberg is kid wrong. the crowd loved it. -- dead wrong. later at a rally trump said he wants to make america affordable again. kamala harris took a dark turn. in erie, pennsylvania, she ran an extensive video claiming trump would use the military against his political opponents if he gets a second term. in an interview with charlemagne the god, she used misinformation to the deny the border mess. she said she had tried to pass a bill to fix the broken immigration system. not quite. it was the u.s. citizenship act which offered a path to citizenship for 11 million illegals. it was an amnesty bill. come on. finish tonight, the bug interview with bret baier on fox news, 6 p.m. eastern. to the markets, and will you look at this? bitcoin going up, we're now at 67,800 a coin. interest rates down. the 10-year treasury yielding just over 4%, 44.02. -- 4.02.

and the 2-year is at if -- 3.94. the dow moving up after tuesday's selling. the s&p and the nasdaq slightly on the upside. a little bit of green this morning. gold, that's close to a record or, right at $2, 700 an ounce. oil, $790-- $70 a barrel. gas, $3.20, diesel, $3.61. there are, by the way,. >> states where the -- 14 states where the price is below $3 a gallon. the united states gives israel 30 days to the get more military help to gaza. military aid is threatened if they don't do it. israel says its plan to retaliate against iran is ready, military targets have been selected. a new gallup poll shows trust in the media at a new low. two out of three are zero or very little confidence in the media's truthfulness. why did cbs edit harris' "60 minutes" interview to make her

look good? it's wednesday, october 16th, 2024. "varney & company" is about to begin. ♪ ♪ hey, baby, there ain't no easy way out ♪ muck. stuart: i love tom petty. the late, great tom pet i. i won't back down. evident9ly, that refers to some of the interviews we've been seeing on the campaign trail. dueling interviews. trump and harris both took the stage tuesday, both held rallies. harris was forced to defend her talking point strategy during her town hall with charlemagne the god. >> what do you say to people who say you stay on the talking points? >> i would say you're welcome come. the reality is that there are certain things that must be repeated to ensure that i have everyone know what i stand for and the issues that i think are

at stake in this election. and so it requires repetition. you know, some people say that until someone has heard the same thing at least three times, it just doesn't say with you. so repetition is important. stuart: good to know. [laughter] meanwhile, trump a had a very contentious interview with bloomberg's editor-in-chief to. >> people are betting that your policies are going to drive up debt, they're going to the drive up inflation, so they're going to drive up inflation -- do interest rates. are the investors wrong? >> yeah. i had four years, no inflation. i had four years no inflation -- [applause] >> but that was when you had much -- >> i had four years. it's better than that. and biden, who has no idea9 where the hell he is -- [laughter] stuart: we have more on these interviews throughout the show. very entertaining sufficient. the listen to what trump said about the election coming down to just a couple of swing states. >> which state do you think this race is going to be decided by? >> we're way up in pennsylvania or, we're way up in michigan.

we're doing very well in arizona. so arizona -- in fact, minute said they're going to to pull the plug in arizona, heir going to give it up, because it looks like we're quite a ways ahead. stuart: look who's here, mollie hemingway on set this morning. welcome to the show. >> great to be here. stuart: can it really come town to just three states? >> well, it could come down to just those three, and pennsylvania being extremely key. that is a must-win state for both campaigns, and that's why you see -- both campaigns spending so much time there. stuart: is it concern are those three states the key because they're so close? the vote is so close? >> you think back to 2020 the which was an election which was decided by 43,000 votes across 3 states. because of the way the electoral college works, we know certain states are going to to go for one banner, certain for another, so there are -- one party,

certain for another, but, yeah, i'd say those are key. stuart: foreigners comfort believe what's going -- you've got 50 states, and it comes down to 3 states -- >> that's what being a republic is all about and making sure that we have political parties that appeal to people aas cross different demographics. stuart: oh, believe me p i'm a foreign -- or i was. i think it's a great system, quite frankly, and i don't want to change it. reason the what harris had -- listen to what harris had to say about what she calls disinformation about her campaign. >> you said it at the beginning of this, charlemagne. one of the biggest challenges i face is disinformation. and it's purposeful. because it is meant to convince people that they somehow how old not believe -- should not believe that the work that i have done has to coursed and has meaning -- has occurred and has meaning. stuart: it seems like she can't

take that criticism. she's brushing it off as disinformation. >> they use the terms misinformation and disinformation to refer to facts, news, information that hurts their political agenda. so really it's an authoritarian the way to talk about things, and what she's calling misinformation is really just discussing her record and cussing how that differs from what -- discussing how that differs from what she claims to believe now. but a campaign, you know, don't call these things disinformation. just have debates. engage the discussions that people having -- stuart: it's like saying, hey, you shut up because your information is misinformation -- >> well, and her administration has been trying to criminal eyes what the government -- criminalize what the government calls misinformation. if you disagree with us on covid policy, if you have a different political agenda, that's russian disinformation. and it's a tool to suppress people's first amendment rights and has been acted on by this

administration. stuart: glad you're on the show today, mollie. stay with me for the hour. let's look where this market is going on this wednesday morning. a little bit of green, not much. up 10 for the dow, up 25, 26 for the nasdaq. kyle wool joins us to look at the markets this morning. first of all, kyle, earnings season is underway. it's early days, but it is underway. what do you make of profits thus far? >> i've been focused on the banks so far. i think if if you looked at goldman's earnings and morgan stanley this morning, they're doing well. we're starting to see the banking and the ipos come back, and i think that is very important for earnings season. i think we're going to also see that going through the next quarter which will be very good for the banks going guard. the deals are coming back, stuart. stuart suiter you're looking at a. i. stock picks that are not nvidia. other a.i. stocks out there. start with very -- vertiv

holdings. that's a data center operator, aren't they? >> they're the electrification of the data centers. when you look at nvidia and super micro, the money's been made and it's still probably going to go higher, but it's time to look at the ecosystem of a.i. now. vertiv is one and what's going to power the data center. everybody's talking about nuclear. i think with google's investment to the small modular reactors, there are a couple public stocks that you can invest in, that i'm invested in. constellation energy, breaking 52-week highs -- stuart: constellation energy, they're the ones who are bringing three mile island back to life, aren't hay? >> correct, with microsoft's money. stuart: what about vistra? >> another one that's moving up, you're seeing a lot of big technology companies starting to partner with vistra, partnering with constellation energy. so i think that's another stock that i'm a buyer of, and uma share helder. stuart: it's a big story because these data centers require an

enormous amount of juice, electricity. can and you've got to have a supply real close by. and you think nuclear is the answer. >> i think it is the the proper clean answer. and i also think these small, modular reactor on site just for the data centers, it's exactly right there. stuart: how long does it take to get one of these small nuclear things going? >> they're saying 3-7 years, but i think with the amount of-up money, and google's putting seven online right now as we talked about, so i think you're going to continue to see the money going there. these are 300 yards long, three football fields. they're very large. and to have that point of energy right there and not have to go through our grid, not have to rely on the sun shining or wind blowing, it's going to be the important. stuart: so it's vertiv, vistra and conscious tolation. >> i love those three. -- constellation. stuart: got it, see you again. musk's pac is working hard,

they've spent $87 million on the race as of last week. 60% of that was spent on the ground game. they're knocking on doors in battleground states like wisconsin and pennsylvania. musk has made a huge impact on business and science and technology. can he make the same kind of impact on politics? >> this is exactly the type of work that needs to be done if you want to win an election in our current era. it's not the 1980s where someone has a good message, builds up excitement, and whoever has the most excitement wins. it's now down to ballot operations. you've seen how democrats have done a really good job of making sure ballots get into ballot boxes. republicans haven't done that previously. it's not just musk's group, there are a variety of organizations working in the key swing states. stuart: he's all in for trump, isn't he? >> for him, it's an existential issue. stuart: goodness me.

molli everything, thank you very much, indeed. camilla la kamala harris pushing back when charlamagne tha god pressed her on border failures. >> doesn't the biden administration have to take some blame for the border hoe? a lot of the blame? >> charl main, first thing we dropped was a bill to fix the broken immigration system. stuart: what she just said, that is classic disinformation. we have art del cueto later on the show. trump's audiocassette with bloomberg's editor-in-chief got heated when cussing tariffs. >> it must be hard for you to spend 25 years talking about tariffs as being negative and then have somebody explain to you that you're totally wrong. [laughter] stuart: that was a putdown. "wall street journal"'s james freeman takes that on, and and he's next. ♪ ain't no other man does what you do ♪ ♪

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stuart: wednesday morning, 15 minutes to go before we open this market, and the nasdaq up 30, the cow's down just a traction -- the dow's down just a fraction. the price of gold -- okay, we'll go with crude oil to start with, $70 a barrel. we're still waiting for israel's response to iran. okay, trump is doubling down on his plan to use tariffs to promote if american manufacturing. edward lawrence joins me. how do tariffs help american manufacturingsome spell spell it out. >> reporter: the president spelled it out. president joe biden and vice president kamala harris largely left the tariffs in place on

chinese goods imposed by former president trump, in fact, expanded that to other green energy products coming into the u.s. economists see tariffs as a tax on the consumer. yesterday former president trump outlined how he believes they're not a tax, but an incentive to spark growth in america. listen. >> the higher the tariff, the more likely it is that the company will come into the united states and build a factory in the united states so it doesn't have to to pay the tariff. >> reporter: the former president also a laid out how he will use tariffs as a way to level the economic playing field. he says when germany and france wanted to levy taxes on u.s. tech companies for income not made in those companies, he floated tariffs on german cars and french wines. those countries abandoned the tax. >> those guys have tariffs and barriers against the united states. he is them so that they won't have access to the u.s. markets, so they'll come and negotiate good reciprocity and free trade

agreements just like he did in his first term. >> reporter: so former president trump is threatening 60-100% tariffs on china, he wants a 0% tariff -- 10% tariff on many products across the board and believes it will not push up inflation. the former president said when he did tariffs under his administration during the previous administration, inflation did not rise. he believes he can do that again. stu? stuart: thanks, edward. let's get back to the interesting but very contentious interview with john michel this wait. watch this. >> we're going to bring the companies back, we're going to lower taxes still further for companies that are going to make their product in the usa. if we're going to protect those companies with strong tariffs. >> you're also talking about 10, 20% tariffs on the rest of the world. that is going to have a serious effect on the overall economy, the. >> i agree it's going to have a

massive effect, positive effect. it's going to be a positive, not a negative. police departments let me just -- no, no, i know how committed you are to this, and it must be hard for you to spend 25 years talking about tariffs as negative and then have somebody explain to you that you're totally wrong. stuart: that was something of a putdown now, one it? james freeman joining us this morning, "wall street journal"ing guy. your opinion, will trump's tariff plan help or hurt the u.s. economy? >> the tariffs husbander, their costs. -- hurt. trump mommicsing is going to be -- trump mom ecs is going to be the good for the economy. why are business people cheering taxes on trade? stuart: yeah. >> it's because they're looking at the whole agenda which is renewing the 20217 trump tax cuts, reining in regulation. they accept the tariffs as a cost and also for the reasons art laffer was talking about,

they are not messily going to be as bad as they look now because it's a question of is he putting these in for their own sake or leverage to negotiate. stuart: that's whats the. >> and there's precedent there. in the first term he threatened tariffs on mexican beers and a cad coes, got right up to it, and he took them off. if this is just leverage, then there's a lot of upside here because you've got huge growth coming on the tax side. the tax foundation even accounting for the big cost of the tariffs looks at nearly 1% growth in the economy over the long term which is a big deal if in an economy the size of ours. stuart: all right, james, listen to what msnbc host joy reid had to say about trump's to recent bump in the polls. watch this. >> these claims that trump is surging with black and latino voters and leading in every ipg -- single swing state according to secret internal

polls. despite all the hitler talk? yes. this race will be far too close. if because, unfortunately, we do is have a fascist groundswell in parts of this country. mainly among white men, let's be clear, but in small pockets among black and brown men too. this happens to be a global phenomenon as women become more economically independent and seek positions of power. stuart: what do you say to that, james? a fascist groundswell. >> yeah, you might -- a lot of people might not pay attention to the fever swamps of msmbc, but i think they're very much aligned with the harris campaign. there's a story on the news side of our paper today about the candidate, kamala harris, really wants to focus on attacking trump. and i think you're seeing both with the campaign and the friends in the media, they've kind of given up trying to persuade people that kamala harris would be a good president. and that seems to extend to the candidate herself this is kind

of a concern. it is now all about trump, and i think if we've been used to a certain level of nastiness, i think maybe it amps up to 11 in these last 3 weeks. stuart: mollirk e, fascist groundswell? >> there's something we're seeing here of just panic from people on the left. they think if they're how older and more extreme, that might -- louder and more extreme, that might gin up enthusiasm. we've had two assassination attempts on trump in part a result of this this outsized rhetoric that we're seeing, and people should be mindful of that. stuart: thanks very much, indeed. let's check futures, the dow down 12, nasdaq down -- up 30. there's really not that much movement so far this morning. we'll be back. ♪ it's all right, it's okay. ♪ i live to see another day ♪

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your money is a part of your community, so your bank should be too. like, chase! stuart: three minutes to go before we open this market. just a little bit of green on the left-hand side of your screen. shah ghailani's with me. earnings season is underway. what do you make of the profit

picture so far? >> looking at the banking sector and the financials, stuart, i gotta say, fantastic. the banks have really hit it out of the park. a lot of them are making new highs, and they're powering the benchmarks higher. as far as the banks go, they're very, i think, a great telling point for where the consumer's at. we see banks showing pretty strong even though consumer lending has slowed down, i think delinquencies are higher, the consumer is still spending. loans are not increasing that much as far as loan balances, but they're not falling precipitously either. so consumer still seems to be strong. and as far as the rest of the businesses the banks are enjoying, their profits in terms of trading has been fantastic, profits in terms of the cost of their deposits is lore, so that makes their net interest around -- margins better. if you look at the stocks, so many of them are hitting new highs. that speaks to how strong the economy is.

stuart: the profits are the bedrock of stock prices. so if we're doing so well with profits this earnings season, can we translate that into more gains for the stock market? maybe more new highs? >> yes, absolutely. earnings are what investors ultimately key on. there are lots of distractions including the election and anything else you can throw out there is going to be a distraction to some degree or another, but it all comes down the earnings. is the growth in earnings positive? it's been very positive, probably 7, 8+ percent. profit margins are excellent, so we have the odd company here that's going to miss and they're going to get hit very hard by the market. but for the most part, earnings prove9 that the economy is moving along, companies are doing very, very well. and the market can go considerably higher. stuart: okay. the market can go considerably higher. but what happens if kamala harris wins the election and the democrats keep control of the senate?

then what? >> that may be a problem. markets love divided government, as you know, stuart, because things end up being something of a balance as far as the economy goes, as far as spending goes, as far as policy dose. but if we have a harris administration and we have congress leaning into the democrat zone, then i think fiscal spending could be out of control, and i think markets will react negatively to that. stuart: got it. we'll have to see how that urns out. shah ghailani, much appreciated. just before the bell started to ring, we saw futures take a turn to the south. just a fractional turn to the south. now we're going to open the market, let's see how we do. he presses the button, the market is open and the dow has started off with a 40, 50-point -- 44-point drop there. there's more red than green if you look at all the dow 30 stocks. in fact, there's far more red. we're down just 10 points on the dow. s&p 500 also a, i believe,

opening fractionally concern higher, okay? the points -- 22 points up. -- 2 points up. nasdaq, up 8 points, .05% to the upside. next case, big tech. always look at it at this time. they're all down today, amazon, alphabet, apple, microsoft, meta, they're all down in the first 30 seconds of business. more bank earnings before the bell. morn, taye the hour riggs, how you doing today? >> doing well. stuart: tell me about morgan stanley. >> i mean, crushing it. it's been a really strong earnings season for the banks. investment banking fees, trading revenue is up because markets are open, deal making is open. the cfo saying it's a really constructive environment. stuart: that's what you said yesterday about goldman -- >> i know. it's the same story across all the a big banks. stuart: by the way, morgan zaply just hit an all time high, there you go. nvidia and asml, big drop yesterday. how they doing today?

>> yeah. asml has had a really rough two days. it looks like nvidia had a rough day yesterday on that the news but trying to rebound today. basically, asml came out with earnings early, tsm if c is origin to, saying that a.i. is saying a lot of demand, but all their chips in other sectors are struggling. you had nvidia yesterday really get concerned on that news. the only good thing for nvidia, they keep coming out and saying they're seeing huge demand for their a.i. chip, blackwell. so it looks like heir able to shrug off some concerns. stuart: nvidia's a couple of points away from the high, believe, come back a little. >> yeah. stuart: i'm fascinated by intel. it's barely able to make it over $20 the a share. it made it to 24, now it's come down to 3232 a share. have -- 222 a share. >> as you know, basically the seen or security association in

china which is not a government entity, but they work closely with the government, saying that they want to do a review of intel chips. intel, basically, is harming china's national security, harming china's interests, and so they want a review of all of spell's products that are sold in china. basically, another problem that intel does not need right now. stuart: no, hay don't, that's for sure. -- they don't. then we have got meta, they're facing a lawsuit over teen social media addiction. explain that one. >> a federal judge in california basically said that meta can, must go through with the lawsuit. so meta had filed to dismiss the case, and the judge said, no, i'm not going to dismiss the case. basically, a group of states that had brought this lawsuit have done enough to prove that the case must go forward. basically showing that this there were a lot of misstatements when it came to what meta was saying about the concerns of mental health with some of its teens who are on the platform. so it's going to be a long,

drawn-out fight and baaing, but for now -- battle, but for now, the case will go forward and not allowing meta to just dismiss the lawsuit. stuart: they've done extremely well recently, $579 stock, off $7 so that's not a huge selloff. bitcoin was going straight the up this morning, of 67,000 and change. 67,7 right now. that's the highest level since july, i think. >> the yeah. and you're getting multiple-week highs on bitcoin. and, you know, stu, usually i try to come here with some really good fundamental news for you. i have are no idea when it comes to bitcoin and crypto. [laughter] some days it goes up, some days it goes down. when you get this overall risk-on appetite, we've talk thed about stocks near record, bitcoin, crypto plays tend to do well. so you're seeing a little bit of that. stuart: next one, djt, trump's media company. bigtime crop yesterday and -- drop yesterday, and this morning back up4 percent. >> oh, my gosh, multiple trading

halts yesterday, now trying to come back. i sit here every day and just remind our viewers, this is generally a play on how people are viewing the election. some day the polls are good, some days less good. but again, really well done in themes of off the lows just -- in terms of off the lows just a few weeks ago. stuart: i really like the idea of stock buybacks. so united airlines, they're buying back how much? >> $1.5 billion. would that be enough to get you onboard concern. stuart: aye never bought airlines, no, no. >> okay. so $1.5 billion share buyback, the first, actually or, since covid. this this is a company that's feeling so strong that they are able to dod a buyback again. they said that the summer travel season was really good and the holiday season is looking good, so they're feeling confident in the business. stuart: i think it was warren buffett who said what's the best way to become a millionaire, and he said you spend a billion

dollars on an airline. [laughter] down you go. there you go. taylor, all good stuff. check the big board. okay, we've been open now for five minutes and we're up 43 points. dow winners, give me the list, please. cisco, unitedhealth, caterpillar, chevron, american express. the s&p 500, the winners, please. united airlines, there you go. j.b. momentum, u.s. bank corp., morgan stanley, a new high, by the way. nasdaq winners, cisco, airbnb, siriusxm, micron tech and walgreens boots alliance. ah, the all-important 10-year treasury yield just above 4%, 4.01. the price of gold very close to a record, $2701 per ounce. i think that's the new high. bitcoin, $67,7. the price of oil, $70 a barrel, 70.7 7 a 4. nat gas at $2. 43. the average price for a gallon of regular is $3.20, and in

california, you lucky people, you will pay $4.67 for regular. coming up, harris pushing back on criticism over her record as a california prosecutor. >> i was the most progressive prosecutor in california on marijuana cases and would not send people to jail for simple possession of weed -- stuart: well, the critics say that harris a targeted black men for marijuana. any truth to that? jenelle king has the full story. democratic congresswoman in swing state michigan says harris has a recognition problem. >> i don't think people know kamala harris yet. i do. i know how great she is. they need to, you know, they need to feel her. we all know who donald trump is. stuart: okay. that is a very big issue in this election, and there's only three weeks to go. martha maccallum has the story. lawmakers grilling tiktok over reports the company knew about the dangers the app posed to youngsters and didn't care.

care that frederick on -- kara frederick on what we can do about that. sheath next. ♪ is it possible to be more capable? and more practical? be able to perform here. and here.

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stuart: on the markets this morning, a mixed picture and no serious price movement. cow's up 20, nasdaq down 15. general motors just announced a $625 the million joint venture with lithium americas. everybody's getting into lithium these days because you use list couple in electric vehicle batteries. new evidence suggests tiktok knew the dangers the app posed to children, they hose to ignore it. hillary vaughn on capitol hill, what are lawmaker doing about it? >> reporter: they want tiktok to turn over internal communications so congress can

see if this is, indeed keyed, what is happening at the company. senators black burn and blume blumenthal writing, quote, we write many response to shocking revelations of tiktok's givens difference to its platform's harm to children and teens, tiktok has knowingly deseened products in a manner that can foster destructive addiction and amplifying child sexual exploitation. rather hand address these risks, tiktok instead seemingly misled the public about the safety of its platform. tiktok is pushing back against these allegations that stemmed from documents released as part of the2-year investigation which led to 14 attorneys general suing tiktok last week saying, quote, this complaint cher erie picks misleading quotes and takes outdated documents out of con educate. we have robust safeguards which include proactively removing suspected underage users and have voluntarily launched

default screen time elements and other safety features. tiktok because face a ban here in the u.s. after the end of january, and former president trump hasn't indicated he would do anything to reverse or stop that from happening if he were elected prime minister in fact, yesterday in chicago he said, ultimately, it's in the hands of congress, and he's not going to step in and pull any strings to do anything about it. [laughter] stuart:ed to do anything about it. thanks, hillary vaughn. kara frederick is with me. she's a tech expert. i want the know what we should do with tiktok, and i think you're going to say ban it. >> well, i'll be a little more nuanced than that, stuart. first and foremost, you have to do the one big, glaring thing, make it sever its ties with the chinese communist party finish. stuart: and if they won't do it? >> if they don't, by january 19th, they'll be forced to because there's a law that a says they have to divest, or it will effectively be banned in the u.s. operating market. stuart stouter do you think the

political refer cushions of banning a platform as popular as tiktok? >> yep, i understand. i've been looking at this since 2019, i testified before the senate judiciary committee in november of to 19 so, yes, i've thought long and hard about it. we allowed it to take root and become entrenched instead of doing what we should do have done and understand that it was a national sur is vail lance risk, that it's a tiny surveillance spy app and make sure it is not enthralled to the chinese communist party. we've governor -- got got a law now. stuart: how do you think it's going to play out? >> the biggest political firestorm was during election season. you saw there was an extension, mine months to the year on that law being signed. i think because they wanted people to be able to use it during election season. that was an issue because the chinese communist party, as we know, are now propagating disinformation, all the a things that we're afraid of on foreign influence operations on these platforms.

so i think there will be a minor political fallout, but america's starting to wise up. stuart: okay. i'm going the move on to political bias at google. listen to what donald trump had to say about a bias at google. roll it. >> google's got a lot of power. they're very bad to me, very, very bad to me. i mean, i can speak from that standpoint. they only have bad stories. in other words, if i have 20 good stories and to 20 bad stories, and everyone's entitled to that, you'll only see the 20 the bad stories. and i called the the head of google the other day and i said i'm getting a lot of good stories lately, but you don't find them in google. i think it's a whole rigged deal. i think google's rigged. stuart: i'm with trump on this. i think it is rigged politically. but the question is, should we just break 'em up? that's drastic. 9. >> well, the county the of justice has remedies for this, and they distributed them a week ago -- department of justice. a court found that google maintain to bees an illegal

monopoly in search and search text advertising. so it has violated section two of the sherman antitrust act. we have a district judge that ruled that. stuart: so break 'em up? >> trump was really savvy here, i think he's reall but a connection that that a lot of people aren't making when it comes to google and these big tech the companies, a lot of these anti-competitive the practices, these policing speech and misinformation of americans is downstream from the concentration of power that they've been maintaining according to a district judge illegally. so this is going to keep happening as long as they cons, trait all of that power in the -- concentrate all of that power in the hands of companies that are becoming increasingly oligarchic. something to think about when you think about how to deal with their -- stuart: we seem to have a pleasant december the agreement about many things, but you're welcome on the show. >> i appreciate it, stuart. stuart: trump recently spoke

about his relationship with mark zuckerberg. watch this. >> mark zuckerberg came to the white house, who i like much better now. he's -- i actually believe he's staying out of the election which is, you know, nice if. but he called me up of after i was shot, and he said that was so brave, which was nice. stuart: okay, mollie, is zuckerberg a changed man? >> he recently expressed some regret for getting involved in the 2020 the election. he spent $450 million to take over the government election offices in the blue areas of swing states. he also said he shouldn't have allowed government to help -- work with him to censor american speech both about the hunter biden laptop and also about how to handle the covid pandemic. so he's said these things, but we haven't seen a bun of -- bunch of change in facebook and how they continue to censor speech they don't like. stuart: so for now facebook's safe. >> no, definitely not safe.

safer. [laughter] stuart: coming up, kamala haste has gone from a feel-good vibe to something much darker. she has launched a full-throttle attack on trump as a threat to democracy. trump accuses harris of orchestrating a coup when she took over the nomination. trump's approach though, that's been successful. he's the one moving up in the polls. harris is fear mongering, and in my opinion, that's a sign of desperation. my take, that is, top of the hour. artificial intelligence booming and so is the need for data centers and the need to power them. where does all the a juice come from? jeff flock has the full story the next. ♪ get down on it, come on and get down on it. ♪ if you really want it, get down on it. ♪ you gotta feel it. ♪ get down on it. ♪

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stuart: tech companies are pouring billions of dollars into massive data centers to power artificial intelligence. jeff flock at three mile island. jeff, are all these data centers putting a strain on the grid? >> reporter: to say -- yeah, bigtime, stuart. and, in fact, they're coming to terms, big tech is, with the notion that the grid cannot provide all the power it needs.

i'm at three mile island, this iconic place where, you know, the nuclear industry almost came to a screeching halt back in 1979 with the meltdown on the, i guess it's on the left of your screen is the nuclear reactor that melted down back then. that has never if started again. the one on the other side did restart but then got shut down again. well, now microsoft is getting involved with constellation energy to restart that old reactor because they need the power. and microsoft not alone. it's multiple big tech companies. microsoft, alphabet, oracling amazon all going nuclear right now. google, for example, alphabet, partnering with cairos energy. they're going to put seven small modular reactors, not the big ones like this, but smaller ones. they can build them faster, less regulation and, you know, we've got to do this, companies have to do this because we are

behind, say energy experts, when it comes to the world. listen. >> if we don't figure out this energy problem, it absolutely could stunt the growth of the united states on gdp basis. more importantly, who's going the win this a.i. race. >> reporter: yeah. china has a built 70 nuclear reactors in the last decade. now worth noting, stuart, here in the u.s. we're doing it with private money from the likes of bill gates, sam altman, jeff bezos, ken griffin, peter thiel. heir all involved in funding nuclear -- they're all involved in funding nuclear development. and just today, by the way, speaking of bezos, amazon announcing a new agreement just today to build these smaller modular nuclear reactors. you know, in the old days, stuart, companies couldn't get enough power whenever they built their own power plants to build, you know, do -- to run their car plants and other industries.

seems like we're headed back that way. not relying on the grid, but relying on build building their own to get the power they need. stuart: jeff flock, thanks very much, indeed. i see green for the dow, up 120. the nasdaq is down 71 points. want to thank mollie hemingway who's been with me for the hour, and we hope you can come back soon. >> absolutely. thank you very much. stuart: still the ahead, liz peek to explain why she thinks harris hat baseball been able to the define her -- has not been able to define her vision. martha maccallum is here on hearst' recognition problem. -- harris' recognition problem. americans' trust in media reaching an his or thetic low. media watchdog brent bozell aches that on. the 10:00 hour is next. ♪ where's that higher love i keep thinking of? ♪

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stuart: another beautiful day in new york city. a string of excellent weather